Nigeria Needs To Reduce Fuel Subsidy Now  - IMF   The International Monetary Fund has said Nigeria needs to reduce fuel subsidy at a time when oil prices are low in order to bring about more productive government spending. The IMF, in its new Regional Economic Outlook...

Fuel Will Continue To Sell For N145 Per Litre, Says NNPC Despite increased landing cost of petroleum products, Premium Motor Spirit will continue to sell at N145 per litre, the Nigerian National Petroleum Corporation has said. In a telephone interview with our correspondent in Abuja on...

Generators, Fuel To Gulp N168m In Power Ministry As the Federal Ministry of Power, Works and Housing strives to improve the country’s power supply, it is also making budgetary proposals for the purchase, maintenance and fuelling of generators at its headquarters and various agencies. An analysis...

There'll Be Adequate Fuel During Yuletide, NNPC Reassures Nigerians   The Nigerian National Petroleum Corporation (NNPC) has again assured the Nigerian public that the ugly experience witnessed last year, during the Christmas and New Year festivities due to scarcity of petroleum products will not happen again...

Fuel Loading Threatened As PEF Withdraws Staff From Debtor Depots Loading and distribution of petroleum products may suffer hitches in the days to come as the Petroleum Equalization Fund (Management) Board (PEFMB) will today withdraw its staff from outlets belonging to members of the Depot...

Fuel: Govs Seek To Take Over Subsidy Payments   The governors of the 36 states of the federation are canvassing a novel initiative that will see each state taking responsibility for subsidising petroleum products consumed within its territory. Arising from their discontent over the claim by the...